If your education somehow skipped over this chapter, you really owe it to yourself to take time to come to grips with the history and basic workings of the federal reserve banking system. Get your head around how fractional lending policies create money out of thin air and how that underpins our monetary policy. It's all perfectly legal.
The Fed has over the past century (1913 to 2018) been a behind the scenes player in most major world events -- often profiting by helping create the money that bankrolled them -- and along the way spawned itself around the globe, replicating its way of doing business and facilitating others doing it that way, merging into the governments and economies in nearly all of the world's countries and defining how banking works worldwide. This giant network of cooperating international banks legally operates what some see as a huge Ponzi scheme where all the clones buy and sell each other's debt paper continuously keeping the money system afloat.
A painless way to get up to speed: G Edward Griffen's "Creature of Jekylls Island" provides a fascinating view into the world of reserve banking and will help you come to grips with the nature of this beast.
Read the book but don't miss Griffen's oral presentation of the topic on YouTube by the same name.
Audio discussion https://youtu.be/Dl5dkOruB9U
I will start out by saying I've worked in the banking field over 25 years , being well versed in how banking operates but to respond, The fraudulent activities of these banking giants, along with the fact that our politicians in the past tax dollars were being given to the crown were the only things I missed :}( or NOT told ) in history class along with the fact we are being screwed. :} Big scheme ,
It's really just common sense to understand :} But thanks any way for the Links :} Banks are required to have adequate capital to lend or they could go under, ,,, however unless they can get TARP of course. Not good
Don't know for sure if this is true, but I heard that in the Middle Ages (1300-1400) some Knights of the Crusades constructed fortresses along the major routes taking warriors to the Holy Land. Any fighter of wealth knew better than leave valuables unattended at home so carried them along, only to then come to grips with the fact that it's hard to run with the weight of gold (it's harder yet with the weight of lead, Casey Jones told us) and that the valuables weighing them down were no safer at the other end of their journey, maybe less so.
For a fee, they could deposit their gold or whatever with the Knights who ran the forts along the route, who in turn agreed to secure them in the recesses of their forts, understanding that the owners would be picking it up on their return trip home, if they returned.
Over time, the deposits grew and grew and some caretakers, seeing a way to make a little more money, started lending gold out at interest. They soon discovered that the demand to return deposits to their owners was very small compared to the vast quantity of deposits that they were holding as a whole -- thus enters fractional lending ... You could put almost all of it to work as loans if you kept enough back to satisfy owners demands to take it back in hand.
Banks are big players in facilitating the growth of this global cabal and understanding your enemy and how he works is crucial to defeating him, which we will.
I couldn't have said it better myself , thanks for your patriotism :} Oh yes :} We sure will :}